July 15, 2008
Death Row Records has been Sold!
The hip-hop recording label Death Row Records has been sold this Monday for $24 million finishing the uncertain future of the company after Suge Knight filed for bankruptcy past April.
As a company, the label’s venture started on 1989 and it was until 1991 when Knight and Dr. Dre founded the company that would be known as Death Row Records, achieving huge success signing some of the best rappers of that decade, including Snoop Doggy Dogg and Tha Dogg Pound, 2Pac, and Dr. Dre himself.
A US judge ordered the takeover of the company and it was Global Music Group, a New York-based firm winner of the label that went into an auction.
This purchase included the original back catalog and the rights over unreleased material by late rapper 2Pac (Tupac Shakur) who passed away in 1996 after being shot.
Death Row Records sold about 50 million units worldwide, generating around $750 million in revenue with a catalog that included MC Hammer, Danny Boy, Lisa “Left Eye” Lopes, RBX, DJ Quik, Gina Longo, Mark Morrison, The Lady of Rage, J-Flexx, Tha Realest, Michel’le, Crooked I, Sam Sneed, Eastwood, Bow Wow, among other rappers.
On April, Suge Knight missed a court hearing to declare on his assets, but he missed several others during a legal battle with former business partner Lydia Harris over the record label. Knight lost $107 million judgement civil judgment that he avoided to paid making the Judge ordered the takeover and following auction.

If Obama surprises you a few weeks back, you should not miss the steps of Rosa Clemente towards White House running for Vice President invited to run with Green Party presidential nominee Cynthia McKinney.